http://www.moonofalabama.org/2018/09/the-moa-week-in-review-terror-in-ahvaz-modis-huge-weapon-deal-scandal.htmlhttp://www.caravanmagazine.in/business/india-gambles-defence-interests-reliance-group
*** The Hindu-fascist Modi government in India is crumbling. Its crazy monetary scheme put the economy, as MoA predicted, into shambles. A huge new scandal around a weapon deal with France implicates Modi directly. The always recommendable Caravan Magazine exposed the unbelievable deal in a long and detailed writeup (not paywalled): "On a Wing and a Prayer India gambles its defence interests on Reliance Group".***
*** In short: The previous government signed a contract with France' Dassault to buy 126 Rafale jets for $10.6 billion. Thirty percent of the price would flow back from Dassault to the Indian state owned aviation manufacturer HAL, which would assemble most of the planes. Modi flew to Paris and changed the deal without the knowledge of his cabinet and the country's military. India will get only 36 Rafales but pay $8.7 billion for them. Thirty percent of the money would flow back to a private Indian company belonging to the largely bankrupt, privately held Reliance Group for unrelated projects and without any know-how transfer. How much Reliance, owned by the once very rich Ambani family, would hand over to Modi and his party is yet unknown. There are calls for Modi to step down which he is unlikely to do. The issue will escalate.***
*** The Hindu-fascist Modi government in India is crumbling. Its crazy monetary scheme put the economy, as MoA predicted, into shambles. A huge new scandal around a weapon deal with France implicates Modi directly. The always recommendable Caravan Magazine exposed the unbelievable deal in a long and detailed writeup (not paywalled): "On a Wing and a Prayer India gambles its defence interests on Reliance Group".***
*** In short: The previous government signed a contract with France' Dassault to buy 126 Rafale jets for $10.6 billion. Thirty percent of the price would flow back from Dassault to the Indian state owned aviation manufacturer HAL, which would assemble most of the planes. Modi flew to Paris and changed the deal without the knowledge of his cabinet and the country's military. India will get only 36 Rafales but pay $8.7 billion for them. Thirty percent of the money would flow back to a private Indian company belonging to the largely bankrupt, privately held Reliance Group for unrelated projects and without any know-how transfer. How much Reliance, owned by the once very rich Ambani family, would hand over to Modi and his party is yet unknown. There are calls for Modi to step down which he is unlikely to do. The issue will escalate.***
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